accounting final project
Final Project
Apple Inc. (Apple), an extremely successful and profitable American multinational corporation, was founded in the 1970s. As a technology company, it designs, manufactures, and markets personal computers, computer software, mobile phones, digital music players and sells related music software, and sells related product accessories. Furthermore, Apple’s distinguished and well profitable products and services include iPod, iPhone, Mac computers, Apple TV, Xserve, consumer and professional software applications, and iTunes (a platform of digital media application). Moreover, the Company sells its products all over the world through its retail stores, online stores, contractual cell phone carriers, and many value-added resellers. According to the New York Times, as September 25, 2010, Apple had opened a total of 317 retail stores, including 233 stores in the U.S. and 84 stores internationally. In addition, Apple Inc. is rated as the most valuable publicly traded Technology Company in 2011. In this project, I will do the brief discussion of Apple Inc.’s financial performance through its fourth quarter financial report for 2010.
First, I will analyze the balance sheet of Apple Inc.’s financial statement set which represents its financial situation. According to the attached form I (page 5), we can compare some financial information of current year with previous year. For September 25, 2010, the total current assets occupy 55.4% of total assets, while for September 26, 2009, the total current assets occupy 66.4% of total assets which is more than that of 2010. And, the total assets of year 2010 is $75,183million which is about $27,682million more that the total assets of year 2009. This information indicates that company’s total assets increase significantly, and the long-term assets take an increasingly important place in the company’s future development. Then, let’s turn to analyze the amount of liabilities and shareholders’ equity for these two years.
Apple Inc. (Apple), an extremely successful and profitable American multinational corporation, was founded in the 1970s. As a technology company, it designs, manufactures, and markets personal computers, computer software, mobile phones, digital music players and sells related music software, and sells related product accessories. Furthermore, Apple’s distinguished and well profitable products and services include iPod, iPhone, Mac computers, Apple TV, Xserve, consumer and professional software applications, and iTunes (a platform of digital media application). Moreover, the Company sells its products all over the world through its retail stores, online stores, contractual cell phone carriers, and many value-added resellers. According to the New York Times, as September 25, 2010, Apple had opened a total of 317 retail stores, including 233 stores in the U.S. and 84 stores internationally. In addition, Apple Inc. is rated as the most valuable publicly traded Technology Company in 2011. In this project, I will do the brief discussion of Apple Inc.’s financial performance through its fourth quarter financial report for 2010.
First, I will analyze the balance sheet of Apple Inc.’s financial statement set which represents its financial situation. According to the attached form I (page 5), we can compare some financial information of current year with previous year. For September 25, 2010, the total current assets occupy 55.4% of total assets, while for September 26, 2009, the total current assets occupy 66.4% of total assets which is more than that of 2010. And, the total assets of year 2010 is $75,183million which is about $27,682million more that the total assets of year 2009. This information indicates that company’s total assets increase significantly, and the long-term assets take an increasingly important place in the company’s future development. Then, let’s turn to analyze the amount of liabilities and shareholders’ equity for these two years.